A Toronto-based group has proposed launching a second NHL franchise in the city for the 2012-13 season.
The Toronto Legacy Group, led by Andrew Lopez, suggested during a news conference yesterday that about $900 million in financing was in place.
The team, which would be called the Toronto Legacy, would play at a 30,000-seat arena proposed for Downsview Park.
Lopez said his group was not affiliated with BlackBerry billionaire Jim Balsillie, who would like to relocate the Phoenix Coyotes to Hamilton, Ontario.
The three other major professional sports leagues warned in a court document that a ruling against the NHL in its attempt to block the sale and move of the Coyotes would set a dangerous precedent.
The NFL, Major League Baseball, and the NBA said in a joint brief that such a ruling "has the potential to undermine the business of professional hockey and other major-league sports."
Judge Redfield Baum of the U.S. Bankruptcy Court has set a hearing for Tuesday in Phoenix for arguments on whether he should approve the sale.
Coyotes owner Jerry Moyes filed for Chapter 11 bankruptcy protection on May 5. His filing included plans to sell the team to Balsillie.